Question

What is the definition of AIF (Alternative Investment Fund)?

a.

AIF is any financial institution registered with the Reserve Bank of India

b.

AIF is any fund established in India for the purpose of securities trading

c.

AIF is any company listed on a recognized stock exchange in India

d.

AIF is any privately pooled investment vehicle that collects funds from investors for investing according to a defined investment policy

Posted under IC 89 Management Accounting

Answer: (d).AIF is any privately pooled investment vehicle that collects funds from investors for investing according to a defined investment policy Explanation:AIF means any fund established in India, in the form of a trust, company, limited liability partnership, or a body corporate, which is a privately pooled investment vehicle that collects funds from investors for investing it in accordance with a defined investment policy for the benefit of its investors.

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Q. What is the definition of AIF (Alternative Investment Fund)?
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